ES Journal - 2013

[wiesman02]

Quote from Laissez Faire:

Like ammo alludes to, the liquidity is obviously superior during RTH and since we're trading a derivative of the S&P 500, I personally think it makes sense to weight RTH much more.

I simply don't consider ES a 'true' 24 hour market, even though it trades around the clock.

That said, I have noticed that the H/L and midpoint of globex can be interesting to plot when RTH starts.

My 930est opening strategy is based 75% on pre-market activity and its very profitable. Trading outside of RTH is account suicide IMO, but i do think the pre-market activity can be helpful.

 

[horton]

I have the ES RTH VWAP at 91.75. Anyone else have that?

Edit - 91.71 to be exact but obviously that would be 91.75

 

[lexcorp]

Quote from lexcorp:

long 1689
stop at 1686

Closing that here at 1692.25 for +3
(actual entry ended up being 1689.25)

 

[Laissez Faire]

Quote from wiesman02:

My 930est opening strategy is based 75% on pre-market activity and its very profitable. Trading outside of RTH is account suicide IMO, but i do think the pre-market activity can be helpful.

Care to expand more?

Is that using price action, behavior, levels or what have you from ETH to make a trade at the opening bell (?)...?

Or is it using the pre-market to determine where we will most likely open and then put that into context with the previous RTH day, i.e., flat open, gap open, large gap open, etc?

I use/used the last approach myself as I obviously always want to have an idea of where we will open. But I would not need charts to be honest. Just the OHLC of ETH.

 

[Visaria]

long nasdaq. Bit dumb to go long on es, always go long the strongest index. That's the Nasdaq.

 

[pinkman]

Quote from lexcorp:

long 1688.25
stop at 1683.25 [/B]

Quote from lexcorp:


Cover here at 1692.25 for for +4 [/B]

Quote from lexcorp:


long 1685.5
stop/reverse at 1683.25 [/B]

Quote from lexcorp:

close here at 1689.5 for +4
[/B]

Quote from lexcorp:
long 1689
stop at 1686
(actual entry ended up being 1689.25) [/B]

Quote from lexcorp:

Closing that here at 1692.25 for +3
(actual entry ended up being 1689.25)

Good stuff

 

[RichardRimes]

Quote from wiesman02:

My 930est opening strategy is based 75% on pre-market activity and its very profitable. Trading outside of RTH is account suicide IMO, but i do think the pre-market activity can be helpful.

This has been a very frustrating week for me as I also (normally) find the opportunity to place trades about an hr before - 1st hr of trading but so far this week every AM I have been unable to be at my trading desk so have missed much of the really good moves. While what I've done is important its pure frustration watching the market mid-day and having no real opportunity to make a good trade. I end up taking so so trades and often over trade just to be in the "game"...UGH

 

[Visaria]

What "game" are u in? Game of seeing how many times you can buy and sell? Better to be in the game of making money.

 

[horton]

Quote from horton:

That was the third rejection of $RUT 80. Ominous.

The last few days the market makers have been shoveling shit back and forth. I don't think there are any real buyers at SPX 1700. I have the put call ratio printing the lowest level in more than a year today, but we can't print SPX 1705. And the market internal based indicators I track in the Daily chart are conveying a negative inflection point.

 

[Builder17]

s 88
stop 93
t 79